tv BBC World News WHUT October 28, 2009 6:30pm-7:00pm EDT
>> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now "bbc world news." >> this is "bbc world news" today. a huge bomb blast in the pakistani city of peshawar leaves at least 90 people dead, many of them women and children. shocking and shameless -- the united nations condemned the taliban attack which killed five of its staff in afghanistan. china rescue's 2000 children stolen from their parents by
criminal gangs. and a bad day on global markets. the dow jones loses more than 1% of its value. >> ignition and liftoff of ares 1-x. >> also coming up -- is this the future of space travel? and getting better thanks to swine flu vaccine makers for doing a big jump in profit. -- revealing a big jump in profit. two devastating attacks have waived concerns across south asia and the wider world. in the afghan capital, at least five united natis workers were shot dead in a tub and came to disrupt the presidential election 11 days from now. and in pakistan, at least 90
people were killed and hundreds of others injured in peshawar market as the u.s. secretary of state was visiting the capital. >> chaos and carnage return to peshawar. shops ablaze and the lives destroyed. the city was on high alert, but still, the bomber got through. the location -- this busy marketplace full of stores selling children's toys and women's jewelry. this was the softest of targets. "my son died here," he said. locals tried to find survivors, and then this. the bomber parked his car ride
outside a holy place -- in moscow. heavy lifting equipment is being used here now at the mosque and local people are trying to help the emergency workers. they say the mosque took the full force of the blast. it was brought to the ground, and it was full at the time because prayers' were taking place. locals believe there are still dead bodies trapped underneath the rubble. pakistan's government says it will keep fighting the militants whatever the cost. in islamabad, two hours' drive away, a visiting allied land her support -- a visiting alliy lent her support. >> we commend the pakistani army for their fight and we commit to stand shoulder to shoulder with the pakistani people in your fight for peace and security. >> a rickshaw brought this man to a hospital.
there were not enough ambulances to carry all the wounded or enough beds to treat them. medical staff were overwhelmed. tonight, we saw new coffins being rushed in. about 60 of the dead were women and children. as they grieve for their lost loved ones, pakistanis wonder when the next bomb will come. >> a gun battle in broad daylight in kabul. a calculated and terrifying attack, even for the city used to taliban tactics. the gunmen broke into a guest house used by the united nations, killing six foreigners and three afghans. many others were injured. the building ablaze, many of the residents tried to escape, some leading to safety. others were not so lucky.
>> the bullets hit here. i could hear a foreign woman screaming for help. she jumped, and i heard she died. >> this was the worst incident for the u.n. here in many years. a deliberate attempt to scare foreigners away from helping the country. further proof -- the security continues to get -- further proof that security continue to get worse. already, the taliban has claimed responsibility for the attack, saying they are specifically trying to target people responsible for running the second round of the presidential election. this incident seems to be over, but in the last few seconds, we have heard a series of explosions coming from elsewhere in the city. >> rockets are being fired into a central kabul. the paniand chaos at a five- star hotel. one of the devices has landed here, another clear attempt to kill foreigners. the guests are rushed towards a
sick bunker. no one is injured, but the taliban have again delivered a clear warning. >> this attack will not -- i repeat not -- deter the un from continuing its work to reconstruct a war-torn country. >> the taliban 1 there will be more attacks. the real danger is that they succeeded in scaring away foreign workers at a time when afghanistan needs than the most. >> we will look now at some of the day's other top news stories. the prime minister of somalia is promising his government will eradicate piracy off its coast within two years. he told the bbc somalia lacks resources to deal with the problem, but he is seeking assistance from abroad. hear, the bbc has learned that british politicians are to face further cuts in their expenses,
and people will not be able to claim mortgages on their second homes or retirement grams. the independent review due next week is also expected to ban them from employing their relatives. french government had denied a claim that it spent almost 250 million -- 250,000 euros on a luxury shower for its president. the shower in the grand palace in paris was intended to be used at the summit held during france's six-month eu presidency. in china, police have recovered more than 2000 children who had been stolen from their parents by criminal gangs. hundreds, perhaps thousands of children go missing in china every year. the traffickers steal them and sell them to child less -- childless couples. our correspondent emily buchanan now reports. >> it is a dismal trade. young lives merely a commodity to the traffickers.
these children are lucky. they have been rescued. their faces are now on the ministry of public security website to help reunite them with their parents. most of them are boys, more valuable on the black market than girls. the youngest, a few months old. just some of the 2000 children the authorities have tracked down. the crackdown on child trafficking began in april. last weekend, the police made dozens of arrests in a poor region of northern china. the members of this ring are accused of selling 52 children who are either bought or stolen from their families. this group is said to have earned $60,000 in two years. a lucrative, hidden crime that leads heartbroken parents in its wake. >> things are changing, but really, it has taken so many years for the government to actually step in and look into this issue, and i have seen so many cases, and some of my
friends have been involved in trying to track down missing boys, missing girls in china, and they have had very little success because there was no help from the government. >> some of the children are sold into slave labor. this was a brick factory that was rated two years ago by police. they found nearly 30 children working in appalling conditions. many of them wounded from regular beatings. the couples who buy from the traffickers may want a boy to look after them in their old age or a girl to become a wife for their own son. there is a chronic shortage of women to marry. child trafficking is the sad legacy of china's age-old custom the age-old preference for boys coupled with its strict birth control policy -- china's age-old preference for boys coupled with its strict birth control policy. >> it is up and away for its
first but what may well be its last flight. the american space agency has tested a rocket was launched in cape canaveral in florida after two days confined to the launch pad by bad weather. the costs frightened t white house. we were there for the stock. >> right now the ares 1-x is on the launch pad ready for flight. fourth >> after two days stock on its launch flat during bad weather, all systems are go for nasa's new rocket. the final countdown has begun. >> 3 2 1 ignition and lift off of ares 1- x. >> teh ares is setting off on its first-ever flight rising beautifully into the sky. two minutes into the flight, 25 miles up, the rocket's big test
-- separation of its lowered booster section. it goes as planned. >> and sep. we show sep and tumble motor ignition. >> nasa, it has been a successful flight. >> is full of risks, unknowns, etc., but it has a slightly different feeling. all launches are exciting, and i think first launches of anything are even more exciting. that is the way i feel about it. >> the plan is for the ares rocket to take astronauts to and from the international space station and in time, take them to the moon, even to build long- term outposts. but the presidential committee has ruled that the program is too expensive. >> the committee is very doubtful that ares 1 is worth doing, and almost certainly, the white house will decide to terminate the program. >> despite its successful test,
the first light of the ares 1 may well be its last -- the first flight. >> while nasa's new rocket was going up, u.s. stocks were going down. it has been a rather bad day for dow jones. shed about 1.2% of its value. joining me now from new york is caroline, who was following the decline. what caused it? >> in new york, we saw the dow jones downy 119 points, and similarly, the nasdaq fell by almost 3% in trading. essentially, it is still rather mixed economic signals we are getting here in the u.s.. the housing numbers out, and new home sales showed a dip for the first time in six months. really a concern ahead of the all-important economic growth numbers that we are going to get out tomorrow. >>,, that is the key thing.
we saw those figures come out for britain. as gdp numbers, they were not terribly inspiring. what does that take on the street? do they think these figur will show that america is out of recession, or are they simply hedging their bets? this >> the hope. in america, we have had four quarters of negative gdp -- in other words, contraction of the economy in recession. the big hope is that in the last three months, we are back to growth. the prediction is for a growth rate of 3.3% appeared on the other hand, it is still a bit of a back -- bet. goldman sachs, in fact, downgraded their forecasts. so there is still a lot of uncertainty, and that is why you have the volatility index, the so-called fear index, hear related to stocks bouncing back to the highest level we have seen since august.
>> we will be pursuing this subject tomorrow, but for now, thank you. this is the business is in a world news today, and coming up in this hour, could mobile phones revolutionize afghanistan's fight against corruption? now investigators in japan have begun an inquiry into how many the destroyer managed to collide with a south korean container ship in the shipping lane of the japanese coast. the destroyer and the star were both engulfed in flames after the incident. >> in the light of day, the damage to the japanese destroyer can be clearly seen. her battle has been battered and burned. the senior vice minister of defense fo the vessel.
"its worst and i imagine," he said. coast guard investigators also went on board working to establish how the warship came to collide with a south korean container ship. it happened at night in the narrow straits between two of japan's main islands right under a busy bridge. the moment of impact and the eruption of flames from the destroyer was captured by a closed-circuit television camera. fireboats joined in the efforts to put out the blaze. several of the crew were slightly injured. the container vessel appeared to come off rather better than the warship. a small fire on board her was rapidly extinguish. with both ships at anchor and the investigation under way, the crews are being interviewed. early indications are that the container ship was in the past of the destroyer of attempting to overtake a slower vessel. the investitors also want to
establish what steps were taken on the verge of the warship to try to avoid the collision. >> and steel giant reported a profit and then a run of three consecutive quarterly profits. they said they should see further gradual improvements in 2010. it is the world's biggest steel producer. it is the business division of "bbc world news" today, and these are the main headline. a bomb blast has ripped through a crowded market in the pakistani city of peshawar, killing more than 90 people. 54 united nations sff are killed in a taliban attack in the afghan capital just days before the presidential election runoff. europe's biggest drug company, glaxo smithkline, has announced rising sales and profit for its
third quarter. the firm puts a strong results were a direct result of diversifying away from what it called a western market. has also been buoyed by sales of its antiviral drug and swine flu vaccine being introduced around the world. >> with mass vaccination starting across europe, over 150,000 patients have already received a dose appendix. gsk's swine flu vaccine. total sales could soon reach 500 million. while financial benefits will not yet show in the set of accounts, analysts think the vacce could be responsible for 10% of the company's profits by the end of the year. >> on the short hand, it will be very significant. u.s. government and many other governments are around the world have now placed their faith in the appendix vaccine. it has a big profit margins
simply because you do not have any marketing efforts behind it. the government has simply ordered them to ship it out. >> like other drug companies, gsk is also likely to benefit from president obama's health reforms in the u.s.. even though there will pay big taxes in the short term, better availability of medicines is likely to net the companies up to $127 billion over 10 years. >> so far so good, but the big issue is the end of patents. this, for example, is their top- selling drug. the patent on here is due to expire in two years' time. theoretically, depriving the company of millions of dollars with an income, but in fact, rivals are in an even worse situation. their patterns are all due to come to an end. indeed, everyone knows that the
year of blockbuster drugs is over -- the era of blockbuster drugs is over and the era of domestic production is here. that means cheaper drugs for patients, smaller profits for manufacturers, and huge challenges to the industry. >> ford has been named the preferred bidder for volvo. lester, they said they wanted to get rid of all, so they can focus on the three core brands. it acquired volvo in 1999 for $6.5 billion. norway has become the first european country to raise its interest rates since the beginning of the global financial crisis. as expected, the country's central bank raised the cost of borrowing to 1.5% or 1.25%.
now, europe's biggest bank has, it seemed, whether the economic storm. it made some $10 billion to date this year, much of that thanks to some other shrewd acquisitions here in united kingdom. that provided a buffer for problems at home in spain. >> spain's biggest bank is benefiting from years of diversifying its of buying up assets of around the globe. profit is up, and a recovery in its u.k. divisions added to better performance in latin america. its european business, mostly focused in spain, remains in the doldrums. meanwhile, they continue to expand in brazil where its south paulo-based unit has just completed an $8.2 billion initial public offering of shares. further expansion may happen.
>> a lot of banks out there are very cheap, like buying a portion for 100 pounds. they are cheap, and it will be buying them. -- like buying a porsche for 100 pounds. we are just waiting to see when that will be. that will signal the bottom of the market. >> concerns remain about how markets. if required more than $5.9 billion worth of real estate in spain in anticipation of recovery in the market. worst recession in 60 years has led many banks to the repossessions and underperforming loans. some analysts think the picture is worse than the banks are saying, feeling speculation losses in the country are being under reported. >> angela merkel has been sworn in for a second term as the chancellor of germany. mrs. merkel's christian democrats won the german election in september. she has now formed a center wide coalition governor with the free
democrats. she has promised controversial tax cuts in an effort to start the economy. >> german mp's lined up to vote on who should be the next chancellor. it was not too much trauma. angela merkel got the numbers she needed. her second term starts here. she is far more powerful now than she was four years ago. back then, mrs. merkel only just edged the top job after a desperate election. she had become germany's first woman chancellor, but she was weak and forced to share power. how things have changed. for the last four years in a row, mrs. merkel has been named the world's most powerful woman. she has become one of europe's most influential politicians, and after last month's election,
she can finally govern with the coalition partner of her choice, the free democrats. she may be stronger now, but the german economy is weaker after its worst recession in 60 years. the new coalition wants to kickstart the economy by cutting taxes, but critics warn that is a gamble. germany's national debt is $2 trillion and rising. cutting tax could make the hole in the public finances even bigger. but germany's new center-right governor will be judged on how to tackle the country's economic profits and on whether it succeeds in making the economic downturn a distant memory. >> police in afghanistan could soon receive their salaries through their mobile phones. if it works, it could be a new tool against corruption as the money would not be creamed off before it reaches them.
>> in the stling street market in a new town close to kabul, a phase of afghanistan you do not normally see on the news, where there is economic growth, property prices going up, new roads being driven through the dusty landscape. and you can use your mobile phone to jot your money. not from a bank, but from an ordinary shop. once the shopkeeper received the test confirming that he has the money in his mobile phone accounts, he handed over. >> it is easy, fast. within a second, they receive the money and can withdraw the money. >> with this technology, afghanistan is joining many african countries where they are leapfrogging 100 years of technological innovation, moving into the 21st century in a way
more advanced than some developed countries. >> afghanistan's road to recovery has been long as the war goes on. the mobile phone company behind the new scheme believes it can be a powerful tool against corruption. they are carrying out a pilot scheme for the police to be able to receive their salary by phone so no one can cream of the money along the way. >> what happens at the end of every month is when they get their paychecks, it goes through differ levels, and each person has taken some percentage of that money. today they can receive $200 instead of $130, that is a significant change in corruption, a significant change in the money that is getting to the community. >> it is not just a benefit for the poor, but it might have a what is really afghanistan's biggest problem, corruption. >> absolutely. i think it can talk all of those things and expand services and infrastructure. that is why i'm saying we see this as a revolutionary product.
>> in a country where the poorest are desperate that they risked their lives and leave their children begging in the middle of the road, 97% of afghans do not have bank accounts. cutting edge mobile phone technology could play a key role in development. >> the top story again -- at least 90 people have been killed by a car bomb in peshawar in north west pakistan. u.s. secretary general has condemned pakistan attacks that killed at least five workers in the afghan capital. >> funding was made possible by the freeman foundation of new honolulu. the newman's own foundation. the john d. and catherine t. macarthur foundation. and union bank.
>> union bank has put its financial strength to work for a wide range of companies from small businesses to major corporations. what can we do for you? >> i'm julia stiles. >> i'm kevin bacon. >> i'm kim cattrall. >> hi, i'm ken burns. >> i'm lili taylor. >> i'm henry louis gates, jr., and public broadcasting is my source for news about the world. >> for intelligent conversation. >> for election coverage you can>> for conversations beyond the sound bites. >> a commitment to journalism. >> for deciding who to vote for. >> i'm kerry washington, and public broadcasting is my source for intelligent connections to my community. >> "bbc world news" was presented by kcet, los angeles. presented by kcet, los angeles.